Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$172,430$172,430$310,410
Remaining term (yrs)21.321.330.0
Secondary amount$0$137,980$0
Funding fee$862$862$0
Note rate4.03%4.03%7.18%
Blended rate4.03%5.795%7.42%
1st payment$1,002.67$1,002.67$2,102.83
2nd payment$0.00$919.87$0.00
Taxes / mo$122.42$122.42$122.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.08
HOA / mo$62.00$62.00$62.00
Total monthly$1,337.09$2,256.96$2,499.32
Cash to close$172,470$34,490$34,490